Continuing the theme from yesterday, here is the new and improved Dothan real estate market inventory report, covering the inventory numbers and absorption rate.
Inventory
You’ll notice a slight drop in December. Also notice the slight drop last January. This is a typical winter occurrence. Inventory is back up to 913 single-family residences this morning, and will likely continue to move upward in the coming weeks.
Absorption rate
Simply put, the absorption rate is the amount of time it would take to sell every home on the market today, if no more homes were listed. This figure is calculated by taking the number of homes on the market and dividing it by the average number of homes sold each month (Three month moving average).
The absorption rate for January is 10.1 months, up slightly from December.
Again, I am looking for some feedback on these reports. Are you seeing the information that is important to you? Do you prefer a different format? Like the old updates better? Let us know by commenting below!
Comments(0)